KBR Makes Organizational Changes

KBR announced two significant organizational changes. John Rose has been promoted to President, Upstream and Bruce Stanski has been promoted to President of KBR's Government and Infrastructure (G & I) business segment. These changes are the company's first steps towards better aligning KBR's operations organization to current and mid-term market opportunities. This new structure, which is expected to be completed over the next several weeks, is designed to fully maximize the opportunities ahead of KBR in the coming years.

"For the past several months, KBR has examined the market opportunities in the hydrocarbon arena, our strategies to maximize our participation in this space and our client relationships," said William P. Utt, Chairman, President and CEO of KBR. "As a result, KBR has concluded that a more market focused approach in the upstream arena will best benefit KBR. John brings a wealth of experience and knowledge in this area, and so it is only logical that he lead this very important segment of our business."

KBR will continue to focus heavily on upstream activities, including off-shore and liquefied natural gas (LNG). Recently, KBR has also demonstrated solid sales performance and project execution in the downstream hydrocarbon market which has favorably positioned the company in this segment as well.

Relative to KBR's G & I business, Stanski's promotion will also allow for a more focused approached to the company's work in this area.

"Our proven track record of serving both government and infrastructure customers both domestically and internationally continues to be a notable asset for KBR," Utt added. "Bruce's work thus far has afforded KBR marked success and notable achievement in a host of government and private sector projects. He, along with his team of dedicated employees, has created a solid foundation for KBR to build upon in the years ahead."